AUSTIN—A decision by Samsung Electronics on the location of its new $17 billion U.S. chip plant was imminent, the judge for Texas’ Williamson County, which is in the running for the new factory, said on Thursday. “The decision is imminent. My experience with Samsung is that they move nimbly and swiftly,” County Judge Bill Gravell…
Samsung Decision on New US Chip Plant Location ‘Imminent’: Texas County Judge
GM CFO Sees ‘More Stable’ Chip Supplies in 2022, Reaffirms 2021 Outlook
DETROIT—General Motors Co. Chief Financial Officer Paul Jacobson reaffirmed the automaker’s 2021 profit outlook and said the company expects a “more stable year” in 2022 for semiconductor supplies. Jacobson said during a conference call with investors that GM still expects to deliver pre-tax profits for 2021 in the range of $11.5 billion to $13.5 billion…
Intel to Invest up to 80 Billion Euros in Boosting EU Chip Capacity: CEO
Intel Corp. on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region’s chip capacity and will open up its semiconductor plant in Ireland for automakers. Intel CEO Pat Gelsinger, speaking at Munich’s IAA auto show, also said the company would announce the locations…
BMW CEO Expects Chip Supply to Remain Tight for Another 6–12 Months
MUNICH—BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon. “I expect that the general tightness of the supply chains will continue in the next 6 to 12 months,” he said at the IAA Munich car…
Hyundai Motor Set to Use Internally Developed Chip for Upcoming Car: Report
SEOUL—South Korea’s Hyundai Motor Co. plans to use an auto chip it has developed itself for one of its upcoming vehicles next year, the Seoul Economy Daily reported on Friday. Hyundai Motor, which together with affiliate Kia Corp is among the world’s top 10 biggest automakers by sales, plans to internally develop a silicon carbide…
China’s Chip Ambitions Fade as Chip Giant Faces Bankruptcy
July 22, 2021
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Tsinghua Unigroup, a Chinese state-backed chip maker, said it received court notice that one of its creditors had initiated bankruptcy proceedings for the group, dated July 12. Tsinghua Unigroup is a commercial arm of China’s Tsinghua University and an integral part of Chinese Leader Xi Jinping’s semiconductor self-reliance dream. One of its creditors had requested…
GM Raises Forecast, Says Chip Shortage Not as Bad as Feared
DETROIT—General Motors Co. says efforts to manage the global computer chip shortage have worked better than expected, so its financial results will improve over previous forecasts. The company said in a statement Thursday it has made engineering changes, prioritized semiconductor use, and pulled some potential deliveries into the second quarter. So now the first-half earnings…
Tesla’s Chinese Rival Nio Suspends Production on Chip Shortage
Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production on Friday as a result of a global semiconductor chip shortage that has led to major losses. Ford Motor, Honda Motor, General Motors and Volkswagen were among the automakers caught off guard by the shortage, forcing many to hold back production even…
Chip Shortage Forces Ford to Build Trucks Without Computers
DETROIT—A global semiconductor shortage and a February winter storm have combined to force Ford to build F-150 pickup trucks without some computers. The company says the pickups will be held at factories for “a number of weeks,” then shipped to dealers once computers are available and quality checks are done. The move is the latest…
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